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In this paper we study the determinants of gross capital flows, project the size of China's international investment positions in 2020 and analyse the implications for the renminbi real exchange rates. We assume in this exercise that the renminbi will have largely achieved capital account...
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We construct a theoretical model to capture the compensation and efficiency effects of globalization in a set up where … globalization- trade liberalization and financial openness- could potentially have different effects on taxation. We then provide … some empirical evidence on the relationship between taxation and the alternative modes of globalization using a large cross …
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